TD4 Brands, the Manchester, UK-based parent company of Boost Juice Bars and The Shake Lab, raised approx. £3.5m in equity funding.
Business Growth Fund made the additional investment.
The company intends to use the funds to accelerate the roll-out of its national retail chains and open up to eight stores this year.
Co-founded by Richard and Dawn O’Sullivan in 2007, TD4 Brands is on course to achieve sales in excess of £13m this year, up from £5m in 2013 when BGF first invested in the business (read here). Since 2013, the company has increased the number of bars from 10 to 32, opening up seven new sites in the 2015 alone, including in Cambridge, Reading, Southampton, Sheffield, Manchester and London.
As part of its growth, TD4 Brands introduced its milkshake concept, “The Shake Lab” to Manchester’s Trafford Centre in December 2015, with London’s White City and six other schemes targeted for 2016’s roll-out.
TD4 Brand, which currently employs nearly 400 people, independently owns and operates all stores in the UK and Ireland and has a franchise network of more than 400 stores worldwide.